Pekin Hardy Strauss Inc. Takes Position in Gravity Co., Ltd. (NASDAQ:GRVY)

Pekin Hardy Strauss Inc. acquired a new position in shares of Gravity Co., Ltd. (NASDAQ:GRVY) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 50,226 shares of the technology company’s stock, valued at approximately $2,977,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Gravity by 68.9% during the second quarter. GAMMA Investing LLC now owns 321 shares of the technology company’s stock worth $26,000 after buying an additional 131 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Gravity during the second quarter valued at $209,000. Creative Planning increased its position in Gravity by 7.3% during the 2nd quarter. Creative Planning now owns 3,801 shares of the technology company’s stock worth $307,000 after purchasing an additional 260 shares in the last quarter. Caprock Group LLC acquired a new position in Gravity in the 2nd quarter valued at about $394,000. Finally, Apis Capital Advisors LLC lifted its holdings in Gravity by 88.9% in the 2nd quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company’s stock valued at $1,373,000 after purchasing an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 9.92% of the company’s stock.

Gravity Stock Up 2.5 %

Shares of Gravity stock opened at $66.64 on Friday. Gravity Co., Ltd. has a fifty-two week low of $57.37 and a fifty-two week high of $88.85. The business’s fifty day moving average is $62.63 and its two-hundred day moving average is $69.90. The firm has a market cap of $463.15 million, a PE ratio of 7.42 and a beta of 1.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gravity from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

Gravity Profile

Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics.